Question
The following regression output was obtained from a study of architectural firms. The dependent variable is the total amount of fees in millions of dollars.
The following regression output was obtained from a study of architectural firms. The dependent variable is the total amount of fees in millions of dollars.
Predictor | Coefficient | SE Coefficient | t | p-value | ||||||||
Constant | 8.167 | 3.229 | 2.529 | 0.010 | ||||||||
x1 | 0.239 | 0.185 | 1.292 | 0.000 | ||||||||
x2 | 1.118 | 0.531 | 2.105 | 0.028 | ||||||||
x3 | 0.134 | 0.257 | 0.521 | 0.114 | ||||||||
x4 | 0.643 | 0.381 | 1.688 | 0.001 | ||||||||
x5 | 0.028 | 0.023 | 1.217 | 0.112 | ||||||||
Analysis of Variance | ||||||||||
Source | DF | SS | MS | F | p-value | |||||
Regression | 5 | 2,369.12 | 473.8 | 10.89 | 0.000 | |||||
Residual Error | 58 | 2,523.37 | 43.51 | |||||||
Total | 63 | 4,892.49 | ||||||||
x1is the number of architects employed by the company. x2is the number of engineers employed by the company. x3is the number of years involved with health care projects. x4is the number of states in which the firm operates. x5is the percent of the firm's work that is health carerelated. a.Write out the regression equation.(Negative answers should be indicated by a minus sign. Round your answers to 3 decimal places.)
b.How large is the sample? How many independent variables are there?
c-1.At the 0.05 significance level, state the decision rule to test:H0: 1= 2= 3=4= 5= 0;H1: At least one is not 0.(Round your answer to 2 decimal places.)
c-2.Compute the value of theFstatistic.(Round your answer to 2 decimal places.)
c-3.What is the decision regardingH0: 1= 2= 3= 4= 5= 0?
d-1.State the decision rule for each independent variable. Use the 0.05 significance level.(Round your answers to 3 decimal places.)
Forx1 | Forx2 | Forx3 | Forx4 | Forx5 | ||||
H0: 1= 0 | H0: 2= 0 | H0: 3= 0 | H0: 4= 0 | H0: 5= 0 | ||||
H1: 1 0 | H1: 2 0 | H1: 3 0 | H1: 4 0 | H1: 5 0 | ||||
d-2.Compute the value of the test statistic.(Negative answers should be indicated by a minus sign. Round your answers to 3 decimal places.)
d-3.For each variable, make a decision about the hypothesis that the coefficient is equal to zero.
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